Shell completes acquisition of Powershop Australia

Shell Energy Operations Pty Ltd, a wholly owned subsidiary of Shell plc (“Shell”) has completed the acquisition of Powershop Australia (“Powershop”), an online energy retailer serving more than 185,000 customers.

Powershop will operate as a wholly owned subsidiary of Shell under the Powershop brand within the Shell Energy business in Australia, which is part of Shell’s global Renewables and Energy Solutions business. The Powershop acquisition complements Shell’s existing Australian investments in zero and low-carbon assets and technologies. It will form the basis to offer innovative products and services to meet evolving customer needs for low-carbon and smarter energy solutions, such as e-mobility and battery storage.

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